Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Thursday August 10 2017, @11:51AM   Printer-friendly
from the don't-cross-the-streams dept.

Disney has announced that it will stop providing new movies to Netflix in 2019, in favor of its own streaming service:

Disney has decided it wants to create its own internet services built around its ESPN and Disney entertainment brands. As a result, Disney said it would stop making its newly released movies available to stream on Netflix beginning in 2019. That means Netflix Inc. has roughly 18 months to figure out how to replace fresh Disney and Pixar movies, which are popular draws for its subscribers. A Netflix executive has said Disney programs are responsible for something like 30 percent of Netflix viewing in the U.S. (Disney movies are available on Netflix only in the U.S. and Canada.)

[...] This Walt Disney Co. announcement may also explain why Netflix on Monday announced the first acquisition in its 20-year history, for a company that specializes in creating superhero characters. Netflix also has an arrangement with Disney's Marvel brand under which Marvel makes series exclusively for Netflix based on Marvel characters. That relationship is responsible for buzzy Netflix shows including "Daredevil" and "Luke Cage."

Also at Reuters, CNBC, and Walt Disney.

Previously: Netflix Acquires Comic Book Publisher Millarworld


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 3, Insightful) by stretch611 on Thursday August 10 2017, @04:05PM

    by stretch611 (6199) on Thursday August 10 2017, @04:05PM (#551696)

    Is the profits for content providers on Netflix that bad?

    Why accept a portion of the profit when you can have it all.

    Disney is just one huge corporate entity with nothing other than dollar signs in its eyes. (like many others.) Profit is its only motivation.

    Disney also owns ESPN. ESPN just had a streaming platform built for it to stream live sporting events. If you already have the system, it doesn't take much more to add more content to it, even with different subscribers and content.

    Also, Disney recently acquired a majority share in the company that built ESPN's streaming platform. Win-Win for profit on all sides.

    --
    Now with 5 covid vaccine shots/boosters altering my DNA :P
    Starting Score:    1  point
    Moderation   +1  
       Insightful=1, Total=1
    Extra 'Insightful' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   3